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. >> and many of these people are public servants and working for the united states government and celebrate that. >> did you got that out of my special then i hope you don't watch it. >> ben stein, all kidding aside, i just wonder, s what you will about what happened to our spa program we used to own it and hitch a ride with the russians to sll be a part of it. we're trapped inur own debt and that seems to limit our options and even o thinking abouhow we get out of messes. >> it was a heart breaking situation, and by the way, to go back to rl life for a second, i g to the army medical center, we used to be called walter reed and now down in bethesda and quite often seeing amazing heroes with their limbs blown off and making aife with themselves and their families and plenty of heroes, and teachers and so forth, and you're right out of washington we've allow our government to create a lead weight of debt that brings us down, down, down, instead of great things and turned over the rush shins and chinese and surrendered our enormous lead in the space program because of other indebtedness. it's
. >> and many of these people are public servants and working for the united states government and celebrate that. >> did you got that out of my special then i hope you don't watch it. >> ben stein, all kidding aside, i just wonder, s what you will about what happened to our spa program we used to own it and hitch a ride with the russians to sll be a part of it. we're trapped inur own debt and that seems to limit our options and even o thinking abouhow we get out of messes....
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Dec 12, 2012
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government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop at this point it's so big. do you throw it out and start over? >> wellll, it's interesting. you know, for a long ime, in the 1990s and the early part of the 2000s, there was a lot of chat about throwing it out and starting over, and i think that conservatives note that if we do that, we would start over with the system much more efficient than the ones we have. we start with the consumptio
government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those...
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families and plenty of heroes,nd teachers and so forth, and you're rig out of washington we've allowed our government to create a lead weight of debt that brings us down, down, down, instead o great things and turned over the rush shins and chinese and surrendered our enormous lead in the space program because of other indebtedness. it's heart breakinghat this whole enormous adventure of outerpace has now passed from the united states to other countries. it's just a heartache. >> do you think, charles payne, that we could have done what we did in the states and even initiated a race, if we had the debt, if we do now back then? >> 16 trillion? i, you know, it would have been a lot tougher to push it through. i do want to get back to what adam was saying. there's big difference between being a public servant to your constituents to america, and being this servant to an agenda or an ideology. i applaud like charlie gaerino barack obama's suess, john boehner's success, came in humble beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country fal
families and plenty of heroes,nd teachers and so forth, and you're rig out of washington we've allowed our government to create a lead weight of debt that brings us down, down, down, instead o great things and turned over the rush shins and chinese and surrendered our enormous lead in the space program because of other indebtedness. it's heart breakinghat this whole enormous adventure of outerpace has now passed from the united states to other countries. it's just a heartache. >> do you...
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Dec 6, 2012
12/12
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states began prohibiting alcohol before the federal government passed the constitutional amendment to do so. and once prohibition was the law of the land, through that constitutional amendment, it was actually states that first began breaking that consensus by basically, in opposition to the federal government, essentially legalizing alcohol. there is a similar movement happening now, happening tomorrow, actually. and 50 years from now or 80 years from now, we may look back on december 6th, 2012, on tomorrow, as an equally epoch ral moment, as the end of prohibition 2.0. tomorrow washington state will begin the process of implementing the most liberal marijuana regime in the world, along with colorado. on election day this year, voters in both colorado passed ballot initiatives legalizing react rational use of pot. in washington, as of tomorrow, it will no longer be against the law to have in your possession up to an ounce of marijuana if you are over the age of 21. that happens tomorrow in washington state. there are many, many unanswered questions as to how this will work in the act
states began prohibiting alcohol before the federal government passed the constitutional amendment to do so. and once prohibition was the law of the land, through that constitutional amendment, it was actually states that first began breaking that consensus by basically, in opposition to the federal government, essentially legalizing alcohol. there is a similar movement happening now, happening tomorrow, actually. and 50 years from now or 80 years from now, we may look back on december 6th,...
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Dec 10, 2012
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the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt crisis down the line. tracy: we have seen it time and time again. thougthe ability to wealth if yu have access to important people. they don't have to pay taxes after all. >> people don't work as hard as ithey otherwise would have, dont take risks so don't get the growth have not raised taxes. i think that's what would happen if we went with president obama's plan. they come it will not grow as fast as it would have. speetracy: inevitably our taxesl go up because the wealthy do not pay as much as they thought. >> there's not enough revenue at the top to fit the bill. they still need to get back to where they get is coming from, spending on entitlement programs as social security and medicare. tracy: we spent $270 billionn3 from 21,022,014 on this credit, how come we don't talk about that? >>
the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt crisis down the line. tracy: we have seen it time and time again. thougthe ability to wealth if yu have access to important people. they don't have to pay taxes after all. >> people don't work as hard as ithey...
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and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will tell you that i did meet with my finance officer this morning. my budget director. we talked about comparing my state budget. we have to make our decisions within the next month. the state of oklahoma, it will cost to $700 million in so many things. if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state
and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will...
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Dec 11, 2012
12/12
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the government is clear, i got to sources close to government, trying to get him to flip, okay, against steve believes insider trading allegations, drug stocks, provided that information to steve cohen, that's part of the indictment, the charge against him. we don't know -- what they don't say is whether it's inside information, whether steve cohen knew-inside information. steve has not been charged, but the governmentments him, from what we understand, to flip against cohen in this stuff. will he? we understand he's holding out to today. >> the implication that extensively if they pay for the legal fees, he's not going to turn -- >> he has expensive legal fees. he hired, and you wonder where he gets the money from. he made $9 million in 2008. he's hiring a guy at $1300 an hour. who is that? one of the better ones out there, charlie stillman, long time white collar control defense attorney, and from what we understand, that number is pick up by capital. what do they get? i shoold point out, talked to peter henning, big time white collar professor at the university, and it often happens,
the government is clear, i got to sources close to government, trying to get him to flip, okay, against steve believes insider trading allegations, drug stocks, provided that information to steve cohen, that's part of the indictment, the charge against him. we don't know -- what they don't say is whether it's inside information, whether steve cohen knew-inside information. steve has not been charged, but the governmentments him, from what we understand, to flip against cohen in this stuff. will...
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Dec 12, 2012
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you must come out of the shadows and register with the government and go through a criminal background check. if you have a criminal background, you get deported. no tolerance for that. after you go to that criminal background check, if you have no criminal background, you must pay back taxes you may have earn and not paid. you must also learn english which is the first time for permanent residency that we require an english language requirement. you must wait your turn as those who have been waiting under the legal process get ultimately appointed first to their permanent residency and you get at the end of the line. if you maintained a good standing in our society during this period of time, you have a chance at permanent residency. >> what about the ideas according to the article that some leaders are perhaps cutting it up into smaller bills. in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a
you must come out of the shadows and register with the government and go through a criminal background check. if you have a criminal background, you get deported. no tolerance for that. after you go to that criminal background check, if you have no criminal background, you must pay back taxes you may have earn and not paid. you must also learn english which is the first time for permanent residency that we require an english language requirement. you must wait your turn as those who have been...
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Dec 13, 2012
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it's a matter of constitutionality, the integrity of the government, the balance of powers. we're standing up for america. i mean, you could build a heck of a story saying you're going to defie an imperial president with his -- spit while you say it, ultimate mate -- ultimatum. >> the republicans can say we came up with the compromise. we did the thing we didn't want to do offering tax increases, whether it's deduction closing or rate hikes, so the republicans have clearly moved, and i think that somehow they got to show that to the public and that it is spending that the democrats will not come back with. >> one other issues neither side talked about, the central issue in america, jobs, growth, stimulating a more abun adapt -- abundant economy. bottom line, both sides missed it. lou: missed it, and frankly, an introduction to a head wind of $260 billion taxes because of obamacare, and then the fiscal cliff. susan, thank you very much. we appreciate it, michael. thank you, doug. great to have you with us. now for your comments,
it's a matter of constitutionality, the integrity of the government, the balance of powers. we're standing up for america. i mean, you could build a heck of a story saying you're going to defie an imperial president with his -- spit while you say it, ultimate mate -- ultimatum. >> the republicans can say we came up with the compromise. we did the thing we didn't want to do offering tax increases, whether it's deduction closing or rate hikes, so the republicans have clearly moved, and i...
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Dec 6, 2012
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it's possible we'll see forebearance on the part of the federal government? >> potentially. >> uf been doing phenomenal reporting on this issue. thanks for your time. a crash course is how now level at a time a meal for four people. that's up next. ♪ oh oh, oh, oh ♪ you're wonderful ♪ you have a heart of gold [ male announcer ] vera wang love. the new diamond bridal collection from vera wang. exclusively at zales. this is another! ta-daa! try charmin ultra strong. it cleans so well and you can use up to four times less than the leading value brand. and it's four times stronger. charmin ultra strong. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadal
it's possible we'll see forebearance on the part of the federal government? >> potentially. >> uf been doing phenomenal reporting on this issue. thanks for your time. a crash course is how now level at a time a meal for four people. that's up next. ♪ oh oh, oh, oh ♪ you're wonderful ♪ you have a heart of gold [ male announcer ] vera wang love. the new diamond bridal collection from vera wang. exclusively at zales. this is another! ta-daa! try charmin ultra strong. it cleans so...
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Dec 13, 2012
12/12
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about 400 rules in the government we've done within 35, we'r135, we'reslow but floodingd the rig balance, and g things right, and don't cause a market migration to to other country, and don't create a devastating havoc on financial firms or markets. tracy: we've seen before with sarbanes-oxley, it became arduous. that can't happen again. >> the systemic risk, the risk to all of us, some people call it, too big to fail. that is the problem in 2008, we lost 9 million jobs, and people lost their homes, that is what we're trying to resolve. tracy: with 400 new rules, do you really think you will prevent another -- if we have -- another financial crisis, there are people out there that are starter than all of us, figuring outweighs to trade around every rule under the son, they do it with the tax code, they will do to with dodd-frank. >> we need to hire you, you understand they are trying, that but i think it will help, that systemic risk we need to get a handle othere is certainly there will be issues in the future. but we should not have to have a $400 billion hideous bailout because one fi
about 400 rules in the government we've done within 35, we'r135, we'reslow but floodingd the rig balance, and g things right, and don't cause a market migration to to other country, and don't create a devastating havoc on financial firms or markets. tracy: we've seen before with sarbanes-oxley, it became arduous. that can't happen again. >> the systemic risk, the risk to all of us, some people call it, too big to fail. that is the problem in 2008, we lost 9 million jobs, and people lost...
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. >> the tea party has said, look, we're for smaller government, less government interference. >> we have this historical battle between thomas jefferson and alexander hamilton going all the way back to that point, how much government do we want or not want. but on an optimistic note, we always seem to manage to get beyond this. >> congress is busy at work and just not on the fiscal cliff. ac, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars together for your future. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to f
. >> the tea party has said, look, we're for smaller government, less government interference. >> we have this historical battle between thomas jefferson and alexander hamilton going all the way back to that point, how much government do we want or not want. but on an optimistic note, we always seem to manage to get beyond this. >> congress is busy at work and just not on the fiscal cliff. ac, they've been committed to putting clients first. helping generations through tough...
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Dec 12, 2012
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we top the keep america solvent and the advanced government should do. we need to renew the country and we are not even close to talking about that. you can make it very pessimistic even for this higher is serotonin optimist that we are entering a bad period for the u.s. and unless our folks coming to and get their act together. >> a lot of energy and time devoted to an artificially created crisis. matt miller, thanks for joining us. next, have you sent your holiday cards yet? if not, you are not alone. why more americans are taking a pass on this tradition. you ever notice that some people just have a knack for giving the perfect gift? they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional
we top the keep america solvent and the advanced government should do. we need to renew the country and we are not even close to talking about that. you can make it very pessimistic even for this higher is serotonin optimist that we are entering a bad period for the u.s. and unless our folks coming to and get their act together. >> a lot of energy and time devoted to an artificially created crisis. matt miller, thanks for joining us. next, have you sent your holiday cards yet? if not, you...
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think about cash high yield or government related high yield barbell. that is step one. 50% government related securities, 50% high yield bonds. you can increase your real yield aad you're trading some interest rrte risk for some credit risk. now investors usually say to me you generated income for me but it is all dollars, right? how do i diversify the dollar exposure? we talk about international bonds. higher yields the united states. foreign currency exposure. the next question is i don't want any currency exposure. that's when you start to think about adding gold, real estate, master limited partnerships and physical commodities. lauren: you're saying go global with at least some of your investments, at least equity invests. where globally? what countries? >> i don't think it is about countries but i think it is more wheres generate revenue. a lot of great companies around the united states will generate revenue around the world. look at companies domiciled in 50 states where the opportunities doesn't make a lot of sense. it might have made sense 40
think about cash high yield or government related high yield barbell. that is step one. 50% government related securities, 50% high yield bonds. you can increase your real yield aad you're trading some interest rrte risk for some credit risk. now investors usually say to me you generated income for me but it is all dollars, right? how do i diversify the dollar exposure? we talk about international bonds. higher yields the united states. foreign currency exposure. the next question is i don't...
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Dec 6, 2012
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it's possible we'll see forbearance on the part of the federal government? >> potentially. >> been doing phenomenal reporting on this issue. thanks for your time. a crash course is how now level at a time a meal for four people. that's up next. [ woman ] too weak. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. the end of trial and error has arrived. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. than giving her a diamond is surprising her with one. save the surprise. shop online and ship to any zales store free. only at the diamond store. ♪ i'm lost in the light hi, i'm ensure clear
it's possible we'll see forbearance on the part of the federal government? >> potentially. >> been doing phenomenal reporting on this issue. thanks for your time. a crash course is how now level at a time a meal for four people. that's up next. [ woman ] too weak. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at...
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Dec 10, 2012
12/12
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but where the doma case asks can the federal government discriminate against married couple, the prop 8 case asks can states bar gays from marrying. kennedy
but where the doma case asks can the federal government discriminate against married couple, the prop 8 case asks can states bar gays from marrying. kennedy
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Dec 13, 2012
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. >> cenk: i think government should do a strict regulation and she should dispense it. the american people have spoken, in a gallup poll, 64% say the federal government should not mess with the state laws of colorado and washington. i've heard from conservatives for decades how important states rights are. are you going to tell me that you do not believe in states rights? [ laughing ] >> i believe in states right. the 64%, that hardly means that--that hardly means that 64% of the country you present that as though 64% of the country supports legalization of marijuana. but i go back to your previous point. you say supply, let's regulate it. now you're in the tobacco conundrum. now you have massive federal intervention regulators at the federal level and that's just what we have in tobacco. >> i have no problems regulating it. what we were right now we have a mess. apparently you don't believe in states rights and i'll never let you make that argument again. thankthank you for come together program. >> thank you. >> cenk: the five political lies of the year. you'll love t
. >> cenk: i think government should do a strict regulation and she should dispense it. the american people have spoken, in a gallup poll, 64% say the federal government should not mess with the state laws of colorado and washington. i've heard from conservatives for decades how important states rights are. are you going to tell me that you do not believe in states rights? [ laughing ] >> i believe in states right. the 64%, that hardly means that--that hardly means that 64% of the...
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Dec 10, 2012
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but where the doma case asks can the federal government discriminate against married couple, the prop 8 case asks can states bar gays from marrying. kennedy has the opportunity to liberate california or create a gay roe v. wade. s acceptance is only growing. kennedy can only give the gay rights movement a decisive final
but where the doma case asks can the federal government discriminate against married couple, the prop 8 case asks can states bar gays from marrying. kennedy has the opportunity to liberate california or create a gay roe v. wade. s acceptance is only growing. kennedy can only give the gay rights movement a decisive final
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Dec 13, 2012
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if you see something about the ethics in government you might give money to it if you don't know who they're spending money on. as you point out we do have some of our good colleagues in congress including senator schumer working to pass the disclose act. we're the first state to take this step. we're encouraging other states to take the step, and we hope this will eventually persuade our colleagues in washington to actually pass the disclose act. >> eliot: we have a house that is republican. you in your work leading up to today's announcement found 21 other states, give or take, that could unilaterally do what you're doing follow your lead and say not for profits in our state must disclose. then you begin to reach the big states you begin to reach virtually the entire nation. >> you do. i have spoken to the attorney general of maryland, head of the national attorney general association, he'll pass our materials onto colleagues in our states. we hope this approach is adopted by other states. we also hope that our federal counterparts take action because really it breaks down the whol
if you see something about the ethics in government you might give money to it if you don't know who they're spending money on. as you point out we do have some of our good colleagues in congress including senator schumer working to pass the disclose act. we're the first state to take this step. we're encouraging other states to take the step, and we hope this will eventually persuade our colleagues in washington to actually pass the disclose act. >> eliot: we have a house that is...
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Dec 9, 2012
12/12
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WJLA
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she worries about the year and a possible government cutbacks. >> they are our main source of keeping the business open. if it goes down any further, we might end up closing up. k of a deficit deal a $800 billion in domestic and defense cuts that family taxes could rise $3,500. is going to be a lot of suffering among a lot of people who deserve otherwise. the white house wants a tax on the rich and increase on the debt limit. say tax tight cost american jobs. medicare is going bankrupt, inability will be bankrupt two years. of democratsity republicans to reach a compromise is frustrating to about socialry security and medicare benefits. a lot of times when people are dug in, they hav a lot of misinformation. still, some insist progress made. g >> our economy is moving up, not enough. go over that cliff would be terrible. in her place of work, linda coolercooler head -- prevail. >> we hope that government will work withus so we can them. on that talk shows today, said he wouldrker agree to higher taxes a the wealthy if it meant chance to overhaul costly like medicare. democrats are ske
she worries about the year and a possible government cutbacks. >> they are our main source of keeping the business open. if it goes down any further, we might end up closing up. k of a deficit deal a $800 billion in domestic and defense cuts that family taxes could rise $3,500. is going to be a lot of suffering among a lot of people who deserve otherwise. the white house wants a tax on the rich and increase on the debt limit. say tax tight cost american jobs. medicare is going bankrupt,...
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Dec 10, 2012
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government, claiming he was never told of the risks he faced. china's contractors have seen strong growth for european and latin american governments. the international contract association claims growth may slow in 2013 as the economy's deterioration in these countries. the american society of civil engineers recently released a study pointing out the dangers of the government under funds be needed infrastructure improvement in our air land, and see. no doubt this will be a topic at the upcoming government conference in which i am a part of. the storie ♪ ♪ [ male announcer ] the machines are on the move. they're curious. because they've heard that there are new machines -- brilliant ones -- and they're coming to see for themselves. machines with the technology, the scale and the ability to communicate to make the world work better. and now all the machines want in. ♪ ♪ >> e degrees at reagan national. we have fog that will stick around in the morning hours -- a record 71 back in 1991. the weatherbug network is 49 degrees in alexandria.
government, claiming he was never told of the risks he faced. china's contractors have seen strong growth for european and latin american governments. the international contract association claims growth may slow in 2013 as the economy's deterioration in these countries. the american society of civil engineers recently released a study pointing out the dangers of the government under funds be needed infrastructure improvement in our air land, and see. no doubt this will be a topic at the...
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Dec 11, 2012
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the federal government would save money, yes, but only because state governments, employers, and individual seniors would pay more. how much more? estimates from the center for budget priorities and policy shows the federal government would save about $5.7 billion, while the rest of the health care system would spend $11.4 billion more to give the same benefits. actually, this is what the republicans would like because it would help them kill the program. i'm joined tonight by pulitzer prize winning journalist david cay johnston, author of the book "the fine print." david, great to have you with us tonight. >> good to be here. >> the numbers are so telling here. why would the democrats even consider this in conversation? >> ed, stunning that they would do this, because it's going backwards. five years ago senator barack obama said by 2013, we should have universal health care. this is going in the wrong direction. and it's paul ryan economics. we'll save you $1 of taxes, but you got to spend $2 somewhere else. and this is a good idea because? this is a very bad idea. and the thing to do i t
the federal government would save money, yes, but only because state governments, employers, and individual seniors would pay more. how much more? estimates from the center for budget priorities and policy shows the federal government would save about $5.7 billion, while the rest of the health care system would spend $11.4 billion more to give the same benefits. actually, this is what the republicans would like because it would help them kill the program. i'm joined tonight by pulitzer prize...
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Dec 10, 2012
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it's not the government's money. if somebody like steve jobs or bill gates or whoever goes out and makes a lot of money, they're first paying income tax. then a double tax on dividends. then the corporate taxes is another layer of tax. then you want to come in like the grim reaper and take money from their family when they die. it's not the government's money. we have a problem in washington of too much spending. you want to make the matter worse by putting more blood in the water with the hungry sharks. >> so first of all, dan, the fact that it's not my money, that's an argument about any taxation. i know folks would love to bring the tax rates to 0 for everything. the real world, whee government actually has to do things, defend the country, pay for social insurance, things that people care about, education, infrastructure, we need to collect revenue. when you are talking about collecting revenue from the top .2% of the wealthiest estates, folks whose capital gains, unlike you just said, folks whose capital gains h
it's not the government's money. if somebody like steve jobs or bill gates or whoever goes out and makes a lot of money, they're first paying income tax. then a double tax on dividends. then the corporate taxes is another layer of tax. then you want to come in like the grim reaper and take money from their family when they die. it's not the government's money. we have a problem in washington of too much spending. you want to make the matter worse by putting more blood in the water with the...
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Dec 7, 2012
12/12
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the economic growth because it relies too much on taxation while failing to reign in the expansion of government. that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has got a spending problem, not a re-knew problem. >> for many top democrats it's all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are at that point the 39.6% does produce the revenue. the differentiation between 39.6% and the 28% at that the president has for limitation on deduction creat
the economic growth because it relies too much on taxation while failing to reign in the expansion of government. that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr....
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Dec 9, 2012
12/12
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CNNW
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how much government do we want or don't want and i think this is just part of that battle. i know on an only optimistic vote we always find a way to resolve this and come up with a right solution. >> thank you guys so much for joining me. congress is busy at work and just not on the fiscal cliff. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with bre
how much government do we want or don't want and i think this is just part of that battle. i know on an only optimistic vote we always find a way to resolve this and come up with a right solution. >> thank you guys so much for joining me. congress is busy at work and just not on the fiscal cliff. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers...
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Dec 11, 2012
12/12
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>> it's a terrible idea because it saves some money but it basically -- it saves the federal government money. it costs more money in the long run. it puts people at the mercy of the private money. the center of american progress shows that at least 500,000 sign yours uninsured living in states with republican governors or have otherwise said they will not participate in the affordable care act so there's a kind of blithe assumption by liberals that we have obama care and seniors could go in the mix. well, they can't if they live in states where the governor will not add medicaid dollars or not set up an exchange, so it creates more suffering and it's also so class biassed. i think it's the single best example when this is bandied about as we're protected in the little bubble of suffering and michigan discussion got in to this, too. but, you know, yes, life expectancy increased over the last 20 years. but mainly that's for people at the top of the income level. for lower incomes seniors it's barely increased at all so there's all these assumptions of good for people on the open market l
>> it's a terrible idea because it saves some money but it basically -- it saves the federal government money. it costs more money in the long run. it puts people at the mercy of the private money. the center of american progress shows that at least 500,000 sign yours uninsured living in states with republican governors or have otherwise said they will not participate in the affordable care act so there's a kind of blithe assumption by liberals that we have obama care and seniors could go...
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Dec 5, 2012
12/12
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CSPAN
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and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how to develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part in all of this. if the moving pieces and revenue are there, do not underestimate the benefit of what the future holds. >> this ties into michael's point. the produc
and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how to develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while...
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Dec 11, 2012
12/12
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we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape. >> how much does one or two yearsed t retirement mean? >> a lot. it compounds over time and the period of time you do it. my grandchildren, age 70, not 67. second i'm not beyond means testing colas. maybe shouldn't be as high as for the bottom end. when the president is sitting in an ivory tower or in detroit and we're trying to do the people's business. >> where do you think the real compromise is coming out? do you believe john boehner and president obama this weekend had a serious discussion? where are we really in this compromise? >> well, i've learned a long time ago up here what
we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape....
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democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream media has been talking about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns about the ethical and moral behavior of the senior leadership. i don't particularly want to discuss that at length. i think you will be resolved. i am consoled by my certain knowledge that time will heal all wounds and this will be all sorted out. but it has nothing to do with with john boehner's misguided sense, his colleagues, all of who were elected as republicans on the republican ticket. or the notion that people have been dreaming about since 2009, that the tea party will dry up. tea party activis
democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream media has been talking about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely...
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Dec 13, 2012
12/12
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every day we hear clients talking about how bad the federal government balance sheet is, but corporate america has great balance sheets. there's a lot going on that's positive, energy, reshoring, businesses coming back. just stay away from the long-term bonds. short-term bonds and alternative strategies >> i know what you're saying and i get that because it's true. the corporate sector is probably the best part of this recovery. 3.6 trillion in cash, lean and mean, corporate america ready to lead once again, but the question is am i going to be able to buy stocks at much lower levels, so are we going to have a 100, an 800, 1,000-point decline if we go over the fiscal cliff? >> that's a great point. >> maria, we're not trading, right? that's always the question in the market. we have to use volatility to pick up positions and add to equity, and this is a long-term gape. we've become so short-term focused. got to stay focused long term and add on volatility. >> one of the things i'll add, we either most confident insecure people in the world and when we know based on our history and base
every day we hear clients talking about how bad the federal government balance sheet is, but corporate america has great balance sheets. there's a lot going on that's positive, energy, reshoring, businesses coming back. just stay away from the long-term bonds. short-term bonds and alternative strategies >> i know what you're saying and i get that because it's true. the corporate sector is probably the best part of this recovery. 3.6 trillion in cash, lean and mean, corporate america ready...
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Dec 10, 2012
12/12
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>> the government wants to save money, but what about consumers? should they be forced to put money into retirement? most people do but some don't, should they be forced to? [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪
>> the government wants to save money, but what about consumers? should they be forced to put money into retirement? most people do but some don't, should they be forced to? [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a...
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Dec 8, 2012
12/12
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FOXNEWSW
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a lot of places where democrats govern, because they have the most deductions at the federal level. >> well, as we've explained many times, the amount of money he can get from his tax rates on the rich, even if he got his buffet tax, it does nothing to solve the deficit problem. so, he knows eventually taxes are going to have to hit the middle class. a number of ways to do that, one is a vat tax, a carbon tax on energy and another is raising income rates on everyone, and if he can blame that on republicans, this might be the way to get na started. >> i'm going to have to disagree on the politics of what james says, dan. i think the president can't let that alternative minimum tax hit because the pressure from his own party and from senators up for reelection in 2014, the democrats, would be enormous. >> i kind of agree, james, i think that would be an achilles heel for the democrats, the third rail as we say, they don't want to go, i agree with you, paul, that the game here is to hang this on the republicans, and then pitch that forward, i've said this before, to those mid term electi
a lot of places where democrats govern, because they have the most deductions at the federal level. >> well, as we've explained many times, the amount of money he can get from his tax rates on the rich, even if he got his buffet tax, it does nothing to solve the deficit problem. so, he knows eventually taxes are going to have to hit the middle class. a number of ways to do that, one is a vat tax, a carbon tax on energy and another is raising income rates on everyone, and if he can blame...
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Dec 11, 2012
12/12
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people that want the government to cut back on spending kind of don't want it because of the markets, so you can't really have your cake and eat it, too. if we do go over the cliff there will be pullback in the market. >> what's the strategy though? what's the strategy? let's put aside speculation of going over or not going over. what's the strategy going into year end? where do you want exposure in terms of equities? >> definitely want to be long. i certainly wouldn't want to go short because you don't want to go into this uncertainty making decisions on something you don't know is going to happen. you just don't know what the taxes are or what's going to come about, so i really wouldn't make my decisions based on an unknown. i would pick steady solid names and stick with them and go long. >> but we know taxes are probably going to go high, right? david, do i want to sell my winners here knowing that the capital gains at 15% is going to be history next year? >> i think we're seeing a lot of that. i think we're seeing the reverse of tax laws harvesting the end of the year, people cap
people that want the government to cut back on spending kind of don't want it because of the markets, so you can't really have your cake and eat it, too. if we do go over the cliff there will be pullback in the market. >> what's the strategy though? what's the strategy? let's put aside speculation of going over or not going over. what's the strategy going into year end? where do you want exposure in terms of equities? >> definitely want to be long. i certainly wouldn't want to go...
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Dec 10, 2012
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government jobs. every guy pulling the car, three guys -- dabs 350,000 people left the jobs. >> bob: you take my one more thing and debate it because you don't like it. >> eric: saturday night, i'm watching "saturday night live." if wasn't so darn true it wouldn't so darn funny. watch. >> early this week, i found my way to congressional cafeteria. what do i see? john boehner sitting by himself. all alone. not a single member of the party willing to share his company. he didn't even have any milk to drink, because -- tell them why. >> they have taken my milk and up there it in the garbage. >> eric: bar guy.>> poor guy. >> dana: hard to be a leader. lonely at the top. i have a story about a monkey and ikea. the shoppers are at ikea and they look down and there is a monkey in a coat. he got away from his owners. so the monkey was walking around. they got fined. they only got fined $240 for having illegal pet. which you can't have a monkey, bob, i know you had one in college. not a good idea. do not try t
government jobs. every guy pulling the car, three guys -- dabs 350,000 people left the jobs. >> bob: you take my one more thing and debate it because you don't like it. >> eric: saturday night, i'm watching "saturday night live." if wasn't so darn true it wouldn't so darn funny. watch. >> early this week, i found my way to congressional cafeteria. what do i see? john boehner sitting by himself. all alone. not a single member of the party willing to share his company....
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Dec 12, 2012
12/12
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federal government organizes the exchanges. i have a hunch if some states say this is a terrible idea, we're getting pressure, we want our people to join this market oriented system, maybe they'll give them some time to develop it. but i think in the end, having a strong federal exchange could be the best thing that happens. >> there's a difference between the exchange and the medicaid expansion. as far as medicaid is concerned, if a state decides not to expand medicaid, then that's the decision that stands and the irony is, the states which have the most uninsured people are the ones that would benefit the most. for example, texas has more uninsured people by percentage and in absolute numbers than any other state in the country. you would expect texas to be clamoring for -- to expand medicaid, especially because for the first three years, texas wouldn't even have to pay a penny. but governor perry said no, we want to continue to have the most uninsured people in the country. we're not going to expand medicaid, even if it's no
federal government organizes the exchanges. i have a hunch if some states say this is a terrible idea, we're getting pressure, we want our people to join this market oriented system, maybe they'll give them some time to develop it. but i think in the end, having a strong federal exchange could be the best thing that happens. >> there's a difference between the exchange and the medicaid expansion. as far as medicaid is concerned, if a state decides not to expand medicaid, then that's the...
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Dec 10, 2012
12/12
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it would just say when they do the federal government has to recognize them. the other is a challenge to proposition 8 in california. that's the voter passed initiative that barred same-sex marriage in that state. now, that law was overturned, prop 8 was, by a federal appeals court that said you can't give a right and then take it away like this. if the supreme court does nothing more than uphold that ruling, it would apply only to california. so it may or may not get to the fundamental question about whether all states have to allow same-sex couples to get married. it could use the prop 8 case to reset question, but it doesn't necessarily have to. we're going to wait and see how broadly the supreme court wants to delve into this. >> how long do we have to wait before we see? >> they'll argue the case in march. we won't get the answer until late june. >> pete williams, always good to see you. >>> that's going to wrap up this hour of "jansing & co." >>> we are also covering marriage equality with equality matters. also on our agenda, wheels up. the president st
it would just say when they do the federal government has to recognize them. the other is a challenge to proposition 8 in california. that's the voter passed initiative that barred same-sex marriage in that state. now, that law was overturned, prop 8 was, by a federal appeals court that said you can't give a right and then take it away like this. if the supreme court does nothing more than uphold that ruling, it would apply only to california. so it may or may not get to the fundamental...
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Dec 11, 2012
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good governance. and obviously every member of congress has an obligation to their particular district and their particular constituents, but they also have a larger obligation, i believe, to the well-being of the country as a total. and so we are in a situation where some difficult decisions have to be made, but i believe the well being of the country must take precedent over every other consideration. >> of course, chip, a lot of those constituents don't think that a tax hike on the wealthy is for the good of the country and even though national polling shows that overall people favor raising taxes on the rich, you talk to congressman like ted poe in texas or scott in new jersey fnlg, they don't see it. if boehner wants a lawmaker to flip, how does it do it? >> it's going to be a tough sell. i was at a town hall last night where 12,000 constituents of this certain congressman participated. they asked the question, do you think we should do taxes, additional taxes, spending cuts, or a combination of
good governance. and obviously every member of congress has an obligation to their particular district and their particular constituents, but they also have a larger obligation, i believe, to the well-being of the country as a total. and so we are in a situation where some difficult decisions have to be made, but i believe the well being of the country must take precedent over every other consideration. >> of course, chip, a lot of those constituents don't think that a tax hike on the...
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Dec 8, 2012
12/12
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we need our government to be helping us. if we want to be innovative and entrepreneurial, if not -- it does not just happen. it comes from the investments we make in education and the way we do our tax policy and incentivizing energy and innovation in manufacturing. there are tax deductions we can get rid of. they are old and we do not mean them. it is important to the investment community. we know there are a lot of companies that are sitting on millions of dollars, billions of dollars, waiting for the right moments. if we want them to start spending in, we better make some hard decisions. we need to give them some certainty. you mentioned when the debt ceiling tucks happens before the republicans -- he mentioned with the debt ceiling talks happened before. we have to reach some agreement. we have to do it for the long term as well as the short term. >> you are doing an exemplary job. when we polled people about what is the to do list for washington, the debt was number one. the availability of good paying jobs, the social
we need our government to be helping us. if we want to be innovative and entrepreneurial, if not -- it does not just happen. it comes from the investments we make in education and the way we do our tax policy and incentivizing energy and innovation in manufacturing. there are tax deductions we can get rid of. they are old and we do not mean them. it is important to the investment community. we know there are a lot of companies that are sitting on millions of dollars, billions of dollars,...